S&P falls 1.4 pct in safety flight on N. Korea tensions

Nervous investors drove shares lower earlier in the week, after President Trump declared Tuesday that the US would react with "fire and fury" to further nuclear provocations from North Korea.

Asian stock markets slid Wednesday following Wall Street's decline as President Donald Trump and North Korea traded threats over the North's nuclear program. They suggest the USA and China, a North Korean ally, could work together to de-escalate the situation.

On Monday, Liberty Korea Party leader Hong Joon-pyo called for the deployment of American tactical nuclear weapons, saying, "Peace will come when we achieve a balance of power, not when we are begging for it". October Brent crude rose $0.56, or 1.1%, to $52.70.

The Dow Jones Industrial Average closed down 204.69 points, or 0.93 percent, at 21,844.01, the S&P 500 lost 35.81 points, or 1.45 percent, to end the session at 2,438.21 and the Nasdaq Composite fell 135.46 points, or 2.13 percent, to 6,216.87.

The S&P 500 and Nasdaq followed the Dow, falling 1.5 percent and 2.1 percent, respectively.

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